Shark Tank 2: Judges to bow out of all business pitched to them
Shark Tank 2: Judges to bow out of all business pitched to them
In a new development and for the first time in the history of Shark Tank India, the five judges
Comprising Namita Thapar, Anupam Mittal, Amit Jain, Peyush Bansal and Vineeta Singh weren’t the least impressed by the pitches made to them live on the show on Tuesday 28 February 2023.
Hence all the five judges unanimously made a decision to bow out of all businesses pitched to them
In the latest episode of Shark India 2 four different pitchers appeared on the show and pitched their start-ups to the panel of judges but in vain.
Out of the four start-ups pitched to them was by entrepreneurs Vijay Sharma and Tarun Bhargava. They are into affordable crafted beer and the businessmen duo made a demand for Rs.1 crore for 0.75 per cent equity with a valuation of Rs.133.33 crore.
Notwithstanding the fact that their business seemed viable to the judges, yet, denied any funding to the duo by citing the reason that the beer company is already making good money and the fact that the sharks themselves don’t have any expertise in the alcohol business.
The next pitch was from a Bengaluru-based entrepreneur who owns a hygienic ice cube brand called Dr Cubes.
The Sharks were informed on.the business model of
Dr Cubes and how it is a 24/7 company which deals in providing different kind of ice like cubed, artisan, crushed ice, and gourmet for parties and other occasions.
The entrepreneur asked for
Rs 80 lakh for 15 per cent equity with Rs 5.33 crore of valuation. But, after listening to the pitch the Sharks decided to not to invest in the ice business as they don’t see it as a long term viability.
The third pitch was by the founders Girish Nagpal and Kaaman Agarwal of an AI-based EV vehicle booking platform who asked for Rs 75 lakh for
1 per cent equity.
The last pitch on the show on Tuesday started on an impressive note, as Arvind Arora, a Bengaluru-based entrepreneur began a couplet on sharks. In his pitch, Arvind revealed that he started this business after one of his students attempted suicide and that his app provides courses and jobs to anyone who is looking out for viable education and job prospects. He demanded Rs 40 lakh for 2 per cent equity with Rs 20 crore of valuation. The judges seemed to be a bit confused by his pitch and turned down his offer.
News Input K.V.Raman
